VAALCO Energy (VAALCO Energy) Days Inventory

: 11.99 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). VAALCO Energy's Average Total Inventories for the three months ended in Dec. 2023 was $5.6 Mil. VAALCO Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.7 Mil. Hence, VAALCO Energy's Days Inventory for the three months ended in Dec. 2023 was 11.99.

The historical rank and industry rank for VAALCO Energy's Days Inventory or its related term are showing as below:

EGY' s Days Inventory Range Over the Past 10 Years
Min: 3.49 Med: 8.55 Max: 15.96
Current: 8.46

During the past 13 years, VAALCO Energy's highest Days Inventory was 15.96. The lowest was 3.49. And the median was 8.55.

EGY's Days Inventory is ranked better than
82.3% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs EGY: 8.46

VAALCO Energy's Days Inventory increased from Dec. 2022 (10.06) to Dec. 2023 (11.99). It might indicate that VAALCO Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. VAALCO Energy's Inventory Turnover for the three months ended in Dec. 2023 was 7.61.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. VAALCO Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

VAALCO Energy Days Inventory Historical Data

The historical data trend for VAALCO Energy's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VAALCO Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

5.94

15.96

9.81

5.30

3.49

VAALCO Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																10.06	8.73	8.72	11.36	11.99

Competitive Comparison

For the Oil & Gas E&P subindustry, VAALCO Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VAALCO Energy Days Inventory Distribution

For the Oil & Gas industry and Energy sector, VAALCO Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where VAALCO Energy's Days Inventory falls into.

VAALCO Energy Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

VAALCO Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.335	+	1.948)	/	2 )	/	275.943	*	365
=	2.6415					/	275.943	*	365
=	3.49

VAALCO Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9.287	+	1.948)	/	2 )	/	42.745	*	365 / 4
=	5.6175					/	42.745	*	365 / 4
=	11.99

VAALCO Energy (NYSE:EGY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

VAALCO Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.745	/	5.6175
	=	7.61

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

VAALCO Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.6175	/	123.321
	=	0.05

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

VAALCO Energy Days Inventory Related Terms

Thank you for viewing the detailed overview of VAALCO Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

VAALCO Energy (VAALCO Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VAALCO Energy Inc (NYSE:EGY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EGY:UK VAW:Germany VAW:Germany

Address

9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042

Website

https://www.vaalco.com

VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.

Executives

Andrew Lawrence Fawthrop	director	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m.	director, officer: Chief Executive Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain	officer: Chief Financial Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs	director	522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl	officer: Chief Operating Officer	9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers	officer: EVP, Gen. Counsel & Corp. Sect	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff	10 percent owner, other: See Explanation of Responses	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik	officer: CAO & Controller	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels	officer: Vice President	9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds	officer: Chief Operating Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042